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Trade exit – Safeway (SWY) closing trade (9.73% profit), merger with Albertsons and options effect

Trade exit - Safeway (SWY) closing trade (9.73% profit), merger with Albertsons and options effect

Although, it is not a done deal yet, you may have noticed that Safeway (SWY) is undergoing a merger with Albertsons retail owned by a Cerberus Capital Management LLC. This merger will have a few significant effects on your trading and your positions, let alone the effects on Safeway’s brand and business itself. Let’s review Continue reading →

Trade adjustment – Safeway (SWY) put selling rollover

Trade adjustment - Safeway (SWY) put selling rollover

As Safeway (SWY) was drifting lower and keeping my spread between the stock price and strike wider I decided to rollover the trade once more. I already rolled this trade lower once, you can see the trade in this post. I had the opportunity to roll down my strike and slightly further away in time Continue reading →

Trade adjustment – Safeway (SWY) put selling roll over

Trade adjustment - Safeway (SWY) put selling roll over

In almost a week ago I announced on my Facebook page an intent to roll over my Safeway (SWY) January contract. I felt like this could be a great opportunity to roll the contract to a lower strike and further away in time and make money. Safeway seems to struggle moving higher as investors see Continue reading →

New trade – SWY & GLW put selling

New trade - SWY & GLW put selling

As I announced on Twitter and Facebook page on Friday I planned opening new options trades on my favorite stocks – Safeway and Corning Int. (GLW). Both companies pay dividends, have grown them for several years and I am OK owning the stocks in case I get exercised. That’s the beauty of put selling strategy Continue reading →

Expiration Friday tomorrow – collecting gains and creating a ladder

Expiration Friday tomorrow - collecting gains and creating a ladder

Tomorrow is expiration Friday. My favorite day. Tomorrow I will officially collect my gains. Although I collected them physically a few months ago when I opened my options trades, those gains were still in jeopardy of being wiped out. Tomorrow those gains will be mine forever.     (MORE: Options Assignment – Southern Company (SO)) Continue reading →

How to sell put options – new trade – Safeway (SWY)

How to sell put options - new trade - Safeway (SWY)

Why do I sell put options and covered calls when I am a dividend growth investor? The answer is simple. I want income. When I was looking for a strategy about a year ago after I nearly destroyed my account, I asked myself a question: “what do you want from your investment? What your account Continue reading →

Expiration Friday, trade exit – Safeway (SWY) – put selling (1.21% gain)

Expiration Friday, trade exit - Safeway (SWY) - put selling (1.21% gain)

Almost a month ago I opened this put selling trade against Safeway , see the trade here, and I wanted to be conservative since the stock ran up too much and I was expecting drop. I still am expecting it, so I may continue in being conservative when selecting my next trade. Well, this option Continue reading →

New Trade – Safeway Inc. (SWY) – put selling

New Trade - Safeway Inc. (SWY) - put selling

My previous put selling trade expired worthless netting me $220 income in premium. I still like this stock so I decided to open another naked put. But today I took a very conservative approach in selling new Safeway put. Why? The reason is that at this particular moment I do not have enough cash to Continue reading →

Trade exit – Taser Inc (TASR) covered call (13.47% profit); Safeway (SWY) put selling (9.57% profit)

Trade exit - Taser Inc (TASR) covered call (13.47% profit); Safeway (SWY) put selling (9.57% profit)

This expiration Friday I had two other option trades being closed. One was a covered call against Taser International and the other was a put selling against Safeway.     Taser International Inc. covered call assignment This trade finished as per I wanted, although from the beginning it wasn’t that clear and easy. But I Continue reading →

Posted by Martin March 08, 2013

New Trade – Safeway Inc. (SWY) put selling

New Trade - Safeway Inc. (SWY) put selling

I was searching for stocks which I can buy, but couldn’t find anything at a decent price. Everything I was interested in is so elevated that I wasn’t comfortable buying at the current price. So I was thinking that the only way I would be willing to do is to sell a longer term put Continue reading →